CCR Magazine

CCRi banner ad
You are here  :Home arrow News arrow New lender Octane Capital partners with Connect Mortgage Network and Connect Packager
Contact Us Newsletter Signup RSS Feeds

Latest News Headlines

Headlines

 
Commercial Credit News

Headlines

 
New lender Octane Capital partners with Connect Mortgage Network and Connect Packager PDF Print E-mail
Monday, 15 May 2017
Connect for Intermediaries is the first mortgage network to form a partnership with the UK’s newest bridging lender, Octane Capital.  Octane joins the panel not only of the Connect for Intermediaries mortgage network but also the panel of Connect’s packaging arm.  

Connect for Intermediaries is a specialist mortgage network that caters for brokers who deal with buy-to-let, commercial mortgages and bridging. It also provides packaging services for DAs and ARs of other networks who may deal with the occasional specialist lending case.

Connect for Intermediaries currently has 14 bridging lenders on its panel but Octane, which launched just two weeks ago, brings something altogether different: Octane Capital prices according to risk rather than LTV and as a result is the UK’s first ‘productless’ lender.

Octane Capital’s founders feel that pricing on LTV alone is not what brokers want or need, especially at the more complex end of the market in which it specialises. At launch it said that brokers “want a lender who can think outside the box and find a way to get a loan over the line, rather than simply put a tick or a cross in a box according to the size of deposit.”

Jonathan Samuels, CEO of Octane said. “We're excited to be working with Connect Mortgages as Connect's brokers really understand the bridging market, know how to package and present deals, and also can see the value in the 'productless' proposition we have launched. As a third generation lender, we want to work with companies who can think on their feet and that's where Connect thrives.”

Liz Syms, CEO of Connect for Intermediaries says, “The brokers that use Connect for Intermediaries know the specialist lending market well and will welcome the flexibility that Octane can provide for clients in need of a bridging loan. As Octane will look at every loan on its individual merits, it means that they will lend if the business case stacks up, not because it subscribes to a particular LTV or loan amount.

“I believe that the market, and Connect for Intermediaries’ brokers in particular, have been crying out for this level of flexibility and individuality for some time and so we are incredibly pleased to be the first network and packager in the market to provide brokers with access to this exciting proposition.”
 
CCRI
3 October - Guoman Tower Hotel, Central London 

CCRInteractive, in association with Marston Holdings , is the largest and leading one-day conference from the publishers of CCRMagazine – a truly national and international event for the credit industry.

This landmark event allows delegates to: Learn best practice of how to increase profitable sales in today’s economy. Understand the key compliance issues and how they will impact upon you. Discuss the legislative and regulatory framework and how it will effect you. Consider the potential effects of Brexit on your business. Discover the latest innovations in the market to improve your collections. Motivate your staff to achieve ever improved results.

To book to attend in 2017, contact Stephen Kiely  or Alison Lucas. To find out more about being part of this landmark event, please contact Gary Lucas
CCRI 

 Forums International Ltd

Forums International Ltd

 Attendance at your first meeting is free of charge, and please quote reference 'CCR2016' to receive the special 10% discount off of your first annual subscription.

Find out more here.

latest issue

CCR Cover

The latest edition of CCR Magazine, the leading editorial publication in the UK credit industry, is out.

Read the latest issue online

The Credit Excellence Awards

Awards 

Tuesday 3 October - Guoman Tower Hotel, Central London


Do not miss your chance to meet and network with the Winners and Finalists at the Credit Excellence Awards, in association with Hoist Finance.


To book your place to attend, please contact Alison Lucas.


subscriptions

CCR is the premier magazine for consumer and credit professionals. It provides an independent voice to the industry, breaking major news stories and running in-depth features.

As a magazine, it works with and campaigns on behalf of the credit industry to promote its importance as a centre of potential profit and business development to the wider business world.

Subscribe to CCR Magazine

CCR World Magazine


 

Providing information and analysis for thousands of senior credit professionals worldwide, every quarter.

Find out more

GTS Media Ltd
81 Cambridge Road
Southend-on-Sea
Essex
SS1 1EP

Registered in England No: 05483197